Moroccans living in Italy: buying property in Morocco, financing and tax
The steps of buying in Morocco from Italy: what happens in Morocco, what to declare in Italy, and good habits to adopt.
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You live in Italy and are preparing a purchase in Morocco: a holiday home, a return to Morocco, a rental investment or a home for your parents. Moroccan rules are the same for all Moroccans living abroad; what changes with your country are the financing, the transfer of funds and your tax obligations in Italy. The general process is in the guide to buying property in Morocco from abroad.
What happens in Morocco
| Step | Key points |
|---|---|
| Choosing the property | Moroccans living in Italy often buy in Khouribga, Beni Mellal, Casablanca and their home region. |
| Checks | Ownership certificate, permits, co-ownership: see securing a property purchase legally |
| Payment | Foreign currency transferred by bank transfer, through the notary’s account |
| Purchase costs | Around 6 to 7.5% of the price for a new build; see notary fees |
| Signing | In person or by power of attorney; see the property power of attorney |
Financing the purchase
Moroccan banks support Moroccans living in Italy. The share financed, the term and the deposit depend on your employment contract, income and seniority in Italy. The public FOGALOGE guarantee is open to Moroccans abroad under conditions; see FOGALOGE. Simulate your monthly payment with the mortgage simulator for Moroccans abroad, and for a first new home check Daam Sakane aid, which is open to Moroccans abroad.
Transferring funds by the rules
Bring your deposit over by bank transfer from your account in Italy to an account in Morocco suited to non-residents, and keep every record: they will let you repatriate the proceeds of a future sale under the exchange control rules. See transferring funds to Morocco and the convertible dirham account.
Taxes in Morocco
- On purchase: registration duties and land registry fees.
- While you own it: housing tax if you live there, municipal services tax.
- If you let: tax on rental income in Morocco; see rental income tax.
- On resale: real estate profit tax; see the profit tax.
Your obligations in Italy
Italian tax residents must in principle declare assets held abroad and their income, and Italy applies a specific tax on certain properties located outside Italy, with tax credit mechanisms under the Italy-Morocco treaty. The rules change: have your situation checked by an Italian professional.
Buying remotely: the method
- Define the project and the full budget.
- Open your account in Morocco and get an agreement in principle.
- Have properties viewed and filmed by someone you trust or an advisor.
- Have the notary check the property before any payment.
- Sign in person during a stay, or by power of attorney.
Details are in buying remotely.
FAQ
Can a Moroccan living in Italy get a mortgage in Morocco?
Yes, Moroccan banks finance Moroccans abroad based on their income abroad, with a deposit and term that depend on the profile.
Do I have to declare a property bought in Morocco in Italy?
Depending on the tax rules in Italy and the tax treaty with Morocco, the property, its income or your accounts may need to be declared: check with your country’s tax authority.
Is rent taxed twice?
Tax treaties provide mechanisms to avoid double taxation; rent from a property in Morocco is taxable in Morocco, and how it is treated in your country depends on the treaty.
Official sources
- Exchange Office: rules for Moroccans living abroad
- Moroccan General Tax Directorate: tax treaties
- Ministry Delegate for Moroccans Living Abroad
- Italian Revenue Agency (agenziaentrate.gov.it)
The rules and amounts quoted come from these official texts and websites. They change with finance laws: check the version in force before deciding.
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